Ian Suttie has reportedly placed his flagship First Oil up for sale as declining oil prices batter the sector’s financial books.
The firm, which the Scottish multi-millionaire founded in 2001, describes itself as the largest British-owned private oil company in the North Sea.
Its website currently features a divestments tab, where it advertises its interests in the Kraken development, Lyon exploration project, Norfolk exploration area and Glenn oil discovery.
For the full story, visit our sister website, Energy Voice.
Ian Suttie’s First Oil reportedly for sale as declining prices batter financial books
